The housing market in Harlem continues to see strong price appreciation, with values up 12.7% compared to last year. The median home price of $337,875 represents a moderate 12.7% increase from this time last year. With 3.8 months of supply, Harlem's inventory levels remain relatively tight. Properties are selling within just 39 days on average, much faster than the historical norm of 110 days. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Harlem market with the affordability index at 631.0. Based on current market indicators, home prices in Harlem are projected to decrease by approximately 6.6% over the next month.